Park Place Capital Corp Makes New $205,000 Investment in PJT Partners Inc. (NYSE:PJT)

Park Place Capital Corp purchased a new position in PJT Partners Inc. (NYSE:PJT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,900 shares of the financial services provider’s stock, valued at approximately $205,000.

Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in PJT Partners during the fourth quarter worth $1,397,000. International Assets Investment Management LLC increased its holdings in PJT Partners by 6,245.9% in the 4th quarter. International Assets Investment Management LLC now owns 7,742 shares of the financial services provider’s stock valued at $789,000 after buying an additional 7,620 shares during the period. New York State Teachers Retirement System increased its holdings in PJT Partners by 366.5% in the 4th quarter. New York State Teachers Retirement System now owns 9,745 shares of the financial services provider’s stock valued at $993,000 after buying an additional 7,656 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in PJT Partners by 3.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,683 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 374 shares during the period. Finally, Mutual of America Capital Management LLC increased its holdings in PJT Partners by 3.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 49,336 shares of the financial services provider’s stock valued at $5,026,000 after buying an additional 1,827 shares during the period. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Stock Performance

NYSE PJT traded down $2.28 during trading hours on Monday, reaching $120.30. 153,443 shares of the company’s stock were exchanged, compared to its average volume of 254,052. The company’s 50-day moving average is $111.71 and its two-hundred day moving average is $102.95. PJT Partners Inc. has a one year low of $71.47 and a one year high of $136.90. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 33.08 and a beta of 0.62.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.49. PJT Partners had a return on equity of 18.12% and a net margin of 7.96%. The firm had revenue of $360.00 million during the quarter, compared to the consensus estimate of $281.93 million. During the same quarter in the prior year, the firm posted $0.99 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Research analysts predict that PJT Partners Inc. will post 4.35 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, September 4th. PJT Partners’s dividend payout ratio is 27.55%.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total transaction of $221,819.84. Following the transaction, the director now owns 7,404 shares in the company, valued at approximately $968,369.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.67% of the company’s stock.

Analyst Upgrades and Downgrades

PJT has been the topic of several analyst reports. JMP Securities boosted their price target on shares of PJT Partners from $120.00 to $142.00 and gave the company a “market outperform” rating in a report on Wednesday, July 31st. UBS Group boosted their target price on shares of PJT Partners from $85.00 to $93.00 and gave the company a “sell” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $128.00 price target (up previously from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their target price on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $116.80.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.